Bangkok Post – Bumper 2023 for BGRIM as net profit expands sharply

Production capacity increased by 667MW

B.Grimm Power (BGRIM) reported a surge in normalised net profit in 2023 after facing a severe impact from the gas price crisis in the previous year.

Harald Link, chairman of B.Grimm and president of B.Grimm Power, said the company posted an outstanding performance last year, up significantly from 2022.

Normalised net profit surged to 2.06 billion baht in 2023, rising from 375 million baht the previous year.

Mr Link credited the turnaround to several factors. First, production capacity from operational projects increased by 667 megawatts. In addition, there was a…